Paper 2020/1176

Short Paper: PoSH Proof of Staked Hardware Consensus

Rami Khalil and Naranker Dulay

Abstract

This paper introduces the PoSH Consensus protocol, a novel work-in-progress construction for achieving Sybil-resistant Nakamoto-style probabilistic consensus on the contents of a cryptocurrency ledger in a permissionless decentralized network where parties stake their hardware’s computational power towards participation in leader election. PoSH aims to establish an openly mintable cryptocurrency that eliminates the requirement for block rewards and disincentivizes mining pools.

Metadata
Available format(s)
PDF
Category
Cryptographic protocols
Publication info
Preprint. MINOR revision.
Keywords
blockchaincryptocurrencyposhconsensus
Contact author(s)
rami khalil @ imperial ac uk
History
2020-09-25: received
Short URL
https://ia.cr/2020/1176
License
Creative Commons Attribution
CC BY

BibTeX

@misc{cryptoeprint:2020/1176,
      author = {Rami Khalil and Naranker Dulay},
      title = {Short Paper: PoSH Proof of Staked Hardware Consensus},
      howpublished = {Cryptology ePrint Archive, Paper 2020/1176},
      year = {2020},
      note = {\url{https://eprint.iacr.org/2020/1176}},
      url = {https://eprint.iacr.org/2020/1176}
}
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